Unsecured debt rating

Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth

All available evidence pointed to the blast in Calle Toledo, a street leading out from the city centre, being caused by a gas leak, Madrid’s Emergency Services said, although the factors which triggered the leak were yet to be determined. … [Read more...] about At least three dead in central Madrid building explosion

However, the institute has also pointed out some disadvantages of this type of power. The biggest problem is the high investment rate required, about $6,000 per kwh. There are requirements to cope with risks such as tsunamis and terrorism. … [Read more...] about Nuclear power not under consideration for Vietnam at least for 10 more years

Despite its emission treatment system, the most modern coal-fired power plant in Vietnam, which has a capacity of 600 MW, still emits nearly 15 tons of matter creating fine dust every day. So plants using more outdated technology would emit even more of this toxic substance into the air. In all, the country currently has more than 21,000 MW of coal-fired thermal power capacity in operation. … [Read more...] about Not to put too fine a point on it, fine dust kills

In addition, the municipal authority would alo proactively call for investment in industrial infrastructure system and from high-tech enterprises. The city would also speed up the construction of 43 industrial clusters which were approved in 2018-20. … [Read more...] about Hà Nội to focus on promoting trade, industry